Discussion: Taxes and Taxation

[blueharvest]

Billionaire tax to bolster Social Security popular in swing states

Voters in swing states are overwhelmingly supportive of taxing billionaires to support Social Security benefits, a new survey found. More than three-fourths — 77 percent — of voters across seven ke…

thehill.com

 

[blueharvest]

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

www.theguardian.com

 

[MagnarTheGreat]

Boomer wealth complicates Fed rate-cut decision

The Federal Reserve reports that three-quarters of all household wealth is owned by people over 55.

www.scrippsnews.com

 

[blueharvest]

 

[MagnarTheGreat]

‘Bitcoin Jesus’ Charged in $50 Million Tax Fraud

Roger Ver was arrested in Spain for failing to report 131,000 Bitcoins he owns

gizmodo.com

 

[blueharvest]

 

[squeekness]

Hope this is true and not just hot air.

 

[blueharvest]

Billionaires Have Gotten $2.2 Trillion Richer Since Trump-GOP Tax Cuts: Analysis | Common Dreams

"The staggering runup of billionaire wealth since the passage of the Trump-GOP tax law is a sure indicator of who that law was meant to serve."

www.commondreams.org

 

[DJ Kornphlake]

 

[squeekness]

Sounds great to me.

 

[blueharvest]

Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected

The latest report on the future of Social Security detailed the program's ability to pay out full benefits as a retirement crisis looms.

www.yahoo.com

 

[blueharvest]

Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself

Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may have to pay higher corporate tax.

fortune.com

 

[squeekness]

Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself

Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may have to pay higher corporate tax.

fortune.com

Apple and Amazon should be paying higher taxes, all the money they make.

 

[blueharvest]

Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO | Common Dreams

Republicans are pushing to extend Trump's tax cuts, which would add $4.6 trillion to the deficit.

www.commondreams.org

 

[squeekness]

Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO | Common Dreams

Republicans are pushing to extend Trump's tax cuts, which would add $4.6 trillion to the deficit.

www.commondreams.org

Yeah......let's not do that.

 

[blueharvest]

Sports team owners face new scrutiny from IRS over tax avoidance

A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their ...

www.dailykos.com

 

[blueharvest]

Bernie Sanders calls for income over $1 billion to be taxed at 100%

“People can make it on $999 million.”

fortune.com

 

[squeekness]

Bernie Sanders calls for income over $1 billion to be taxed at 100%

“People can make it on $999 million.”

fortune.com

Okay, now that might be a bit too much......

 

[Teelie]

If you're making a billion or more dollars a year, what are you doing with it besides hoarding it and dodging taxes?